Why did Parliament issue the Tea Act?

The Tea Act meant that the colonists had to buy their tea from the East India Company. ... Parliament passed the Tea Act which a British company a monopoly on tea. This angered them and when the governor let them dock the ships they decided to throw the tea overboard and to stop buying tea.

Explanation:

On April 27, 1773, the British Parliament passes the Tea Act, a bill designed to save the faltering East India Company from bankruptcy by greatly lowering the tea tax it paid to the British government and, thus, granting it a de facto monopoly on the American tea trade.

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